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Showing posts with the label TikTok.

News | Business | TikTok: TikTok adds to Ireland's data storage boom amid energy concerns

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Jonathan Keane 5-6 minutes - Source: CNBC An illuminated raised walkway connects buildings of the Google Inc. European headquarters in Dublin, Ireland, on Thursday, Nov. 24, 2016. Chris Ratcliffe | Bloomberg via Getty With another tech giant planning to bring a data center to Ireland, experts weigh up the challenges that this burgeoning industry is bringing to the country. Last month, TikTok announced that it was investing up to $500 million in a center in Ireland, its first in Europe. The news from the popular app, currently at the center of tension between Washington and Beijing, meant it was joining the ranks of several other major companies that have based data centers in the Republic of Ireland. Microsoft , Facebook , Google and Amazon are among the names that have broken ground in the country to construct massive server halls to handle their waves of data. Amazon Web Services operates several facilities in Ireland

News | Business| TikTok: Trump gives nod to Oracle buyout of TikTok in US

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3 minutes - Source: BBC Image copyright Getty Images US President Donald Trump has said tech giant Oracle would be "a great company" to take over TikTok's US operations. It comes after Oracle was reported as a possible buyer of the Chinese social media app's business in North America, Australia and New Zealand. Last week Mr Trump ordered TikTok's owner ByteDance to sell its US business within 90 days or face being shut down Oracle's chairman Larry Ellison is a supporter of Mr Trump and held a fundraising event for him in February. Mr Trump's comments - during a speech in Yuma, Arizona - came after reports that Oracle was working on an offer for some TikTok assets with a group of ByteDance's investors. According to those reports,